Teacher Retirement System of Texas Has $10.17 Million Stock Holdings in Plexus Corp. (NASDAQ:PLXS)

Teacher Retirement System of Texas grew its position in shares of Plexus Corp. (NASDAQ:PLXS) by 12.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 65,015 shares of the technology company’s stock after purchasing an additional 7,194 shares during the quarter. Teacher Retirement System of Texas’ holdings in Plexus were worth $10,174,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Quarry LP raised its holdings in Plexus by 573.5% during the 3rd quarter. Quarry LP now owns 229 shares of the technology company’s stock worth $31,000 after purchasing an additional 195 shares during the last quarter. R Squared Ltd bought a new position in Plexus during the 4th quarter worth approximately $45,000. USA Financial Formulas bought a new position in Plexus during the 4th quarter worth approximately $56,000. Point72 DIFC Ltd bought a new position in Plexus during the 3rd quarter worth approximately $51,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in Plexus during the 3rd quarter worth approximately $55,000. Institutional investors own 94.45% of the company’s stock.

Plexus Stock Performance

Shares of PLXS stock opened at $128.21 on Friday. The firm has a market capitalization of $3.47 billion, a PE ratio of 29.75 and a beta of 0.90. The firm has a fifty day simple moving average of $140.08 and a two-hundred day simple moving average of $145.55. The company has a current ratio of 1.53, a quick ratio of 0.70 and a debt-to-equity ratio of 0.07. Plexus Corp. has a 12 month low of $90.87 and a 12 month high of $172.89.

Plexus (NASDAQ:PLXS) last announced its quarterly earnings results on Wednesday, January 22nd. The technology company reported $1.49 EPS for the quarter, missing analysts’ consensus estimates of $1.59 by ($0.10). Plexus had a net margin of 3.03% and a return on equity of 10.36%. Analysts forecast that Plexus Corp. will post 5.9 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have issued reports on PLXS shares. Stifel Nicolaus began coverage on shares of Plexus in a report on Tuesday, February 4th. They set a “hold” rating and a $152.00 price target for the company. Benchmark reiterated a “buy” rating and issued a $165.00 price objective on shares of Plexus in a research note on Wednesday, January 22nd. Finally, Needham & Company LLC lifted their price objective on shares of Plexus from $162.00 to $172.00 and gave the company a “buy” rating in a research note on Friday, January 24th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $163.00.

Insider Buying and Selling at Plexus

In other Plexus news, CAO Angelo Michael Ninivaggi, Jr. sold 3,423 shares of Plexus stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $145.14, for a total transaction of $496,814.22. Following the transaction, the chief accounting officer now directly owns 29,501 shares of the company’s stock, valued at $4,281,775.14. The trade was a 10.40 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Todd P. Kelsey sold 1,500 shares of Plexus stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $156.39, for a total transaction of $234,585.00. Following the transaction, the chief executive officer now directly owns 74,271 shares in the company, valued at $11,615,241.69. This represents a 1.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 19,458 shares of company stock worth $2,786,515. 1.76% of the stock is owned by corporate insiders.

About Plexus

Plexus Corp. provides electronic manufacturing services in the United States and internationally. It offers design, develop, supply chain, new product introduction, and manufacturing solutions, as well as sustaining services to companies in the healthcare/life sciences, industrial/commercial, aerospace/defense, and communications market sectors.